The academic year is drawing to a close. Let’s hope that 2021 is less complicated than 2020. This year has seen constantly moving goal posts on what activities School communities are allowed to engage in, and the type of learning available to students. Despite the challenges of COVID, School staff members have managed to continue doing their work. Knowing that Schools now have an increased flexibility to deliver their programs and to engage with their communities, is reassuruing.
As Christmas approaches the time to buy presents is upon us. Children adore buying and givng presents to teachers, friends and family. However to buy (or indeed make) presents you need money – even if it is a minimal amount.
Wherein lies the relevance of the feature article in our November newsletter – it’s all about teaching children how to manage money. What are appropriate money management skills to teach at different ages? Ideally, teaching these skills would beging in preschool.
Children learn early on that you need money to buy things and experiences. Learning the monetary value of different coins and notes can begin in preschool. Giving children procket money encourages them to learn how to budget. As children grow older, they learn more about saving to achieve goals. In High School, many students have a part time job -this also helps educate them about the value of money and the idea that they are paid for their time.
And in later years, students can be taught about taxes, what they are spent on, and how to deal to with the ATO. The importance of investing, managing a mortgage and providing for the needs of a family cam be taught in the final years of School.
Money is a subject which should be taught all the way from preSchool to Year 12.
To read all about Teaching Children how to Manage Money read Eisau’s November newsletter.